Qingdao Haihua Fiber Co., Ltd., a wholly foreign-owned enterprise established in September 2003 by Japan’s KANEKA Corporation in the Qingdao Development Zone, has a registered capital of ¥3.6 billion and a total investment of ¥8.9 billion. The company specializes in the research, development, production, and sales of high-end synthetic fibers such as protein fibers and polyvinyl chloride (PVC) wig fibers, boasting globally leading core products like VF fibers, all of which are exported at 100%. Covering an area of 150 mu (approximately 24.7 acres), the facility employs around 230 staff and has received numerous accolades, including recognition as a “Harmonious Labor Relations Enterprise” in Qingdao.